Daar Communications Plc & Investors – Implications!
It was reported in the news today that Daar Communications Plc, on Monday, lost in its bid to ‘address’ the payment of the N7.5bn judgment sum handed against it in favour of Fidelity Bank Plc.
So what are the implications for shareholders? We present below some facts about this investment to guide a reasonable conclusion on the stock.
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FDC BI-Monthly Economic & Business Update - May 2012
The NSE seems to be resurrecting from the dead after a tumultuous Q1 and a public hearing on the capital market (which is still ongoing).
The approval of market makers to create liquidity maybe the anti-dote the stock market needs to return to its peak.
This edition of the bi-monthly economic scan/report discusses the performance of the NSE along with a detailed analysis of the economy and other markets.
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Daily Market Updates
150512: Nigerian Stock Market slides by -0.58%; maintains southward movement
Trading activities on the Nigerian bourse closed downbeat for the second session in a row due to intense selling activities witnessed across the main amid increased volume turnover and Naira votes while market breadth closed flat and depressing as against previous outlook.
It was reported in the news today that Daar Communications Plc, on Monday, lost in its bid to ‘address’ the payment of the N7.5bn judgment sum handed against it in favour of Fidelity Bank Plc. The implications for shareholders are inherent in some facts on our website about this investment which will guide a reasonable conclusion on the stock.
READ MORE
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MARKET SURVEY/PROMO
Readers are invited to share their views on the Nigerian Capital Markets for publication on Proshare later in 2012 and receive an exclusive offer for the upcoming executive development programme.
To receive this offer simply complete The Capital Markets Academy’s survey here: http://svy.mk/H2pupi.
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Capital Market
& Nigerian Economy
Nigeria inflation rises to 12.9 pct in April
Submission of Quarterly Returns
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Investors NewsBeat
Golden Securities Limited appoints Babatunde Oyedele Oyediran MD/CEO
NPF Microfinance Bank Plc announces closure date
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Quote for the week
World Bank’s recent research has acknowledged that sustained growth in the coming years would come from emerging countries. However, their research has also revealed that corporate governance, strategic thinking, action and influence appears to be the bane of many organizations in evolving countries, hence the urgent need for senior executives to raise their game via capacity development programmes on areas such as strategic leadership. It is in response to this that Aston Business School in collaboration with These Young Minds presents a four day executive education programme, scheduled to take place between 25th and 29th of June, 2012. This programme is specifically designed for senior managers and directors from developing countries. Registration for this programme may be made at http://goo.gl/slp3D
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Frauds & Scandals
NSE submits list of trustees to oversee N635m Investor Protection Fund
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Corporate Earnings
LEARN AFRICA declares N7.3m PAT in Q1 '12 result,(SP:N2.80k)
GLAXOSMITH declares N539.1m PAT in Q1 '12 result,(SP:N19.95k)
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Public Offers Private Placements / Products & Services
Takeover Bid of Guaranty Trust Assurance Plc
Ecobank Group CEO Arnold Ekpe on Hard Talk
IFIE/IOSCO Investor Education Conference, 20-22 May, Seoul
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Reports
FDC Bi-monthly Economic & Business Update May 2012
NBS-April 2012 Inflation Report
Takeover Bid of Guaranty Trust Assurance Plc
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